My understanding is that AISC is high because production/output is currently still low (while it's currently increasing).
The higher the production, the lower the average cost would be, that is if they do not incur any other random extra costs besides wages (or other that usually go come with production).
Bear in mind that interest rates are pretty high now.....
Gold prices usually goes in opposite direction to interest rates.
So once interest rates starts dropping, gold prices (in theory) should start climbing.
Ann: Production at Norseman Increasing, page-29
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